The Daily times. [volume] (Richmond, Va.) 1886-1889, 1887-11-17
r., +. & p. RAILROAD.
REG ULAR ANNUAL MEETING OFTHE
BOARD or DIRECTORS.
Reports of the President. General super
inteDdent, and Examining Committee.
An Encouraging fNhibit-The Road in
Flourishing Condition.

The regular annual meeting Of the
stockholders Of the Richmond, Freder-
icksburg and Potomac railroad was held
yesterday. Stockholders present Dr
John r. Baylor Major Fred r. Scott
n ajor james H. Doolev, DR. l.. B. An.
dersOn. Dr. T. T. Willis, Messrs John
/ J.. Williams, W. H. Haxall, Charles FL
lis, +. Y. Cannon, Moncure Robinson,
JF, Of Philadelphia Proxies for the
/ state Of Nrginia-COlOnel Hillary T.
Jones Of Hanover, Messrs J. H. Kelly
/ of Fredericksburg, George A. Haynes of
Richmond, and j NJ Hudgins Of Caro-
/ line
The meeting was called TO order by
/ Mr. j. i. Brinton, president, and Mr. Ell.
/ ward \ Cannon was elected chairman
/ with Mr. j. b Winston, secretary The
whole umber OF votes is 6,492, and of
these 1851 were represented.
THE PRESIDENTS REPORT.
President Brnlon then submitted his
/ report whi.h showed the total income of
the company from various sources To-
have been Sj37 ,522 30, and the expenses
I S2s3, 1856 II, making the net earnings
/ $l7O,366 70 From this is tO De deducted
/ the interest on bonds, and the di idend
on guaranteed stock. $s3 .2G9 3s, making
the net profit sl70,33G7j. The report
continues.
"Out Of this profit a dividend Of per
cent. was paid no common stockholders
on July lst, 1887, and lhe Board pro-
poses TO pay on January 1st 1888, a
dividend Of three and a half per cent
additional Something more than suifi-
cient 90 pay this amount of dividend has
been earned, but we must bear In mind
the fnct that the year just closed has been
am unusually prosperous one, and that the
expenses Of the coming year will be i'm.
creased by the necessity of adding three
new engines and some additional car,
90 the equipment of the road since the
last annual report the new station and
Ohi es now occupied by the company 80
Byrd street have been completed. lhe
structure is model of convenience. and
is built throughout in the most substan-
tial manner"
For the onc-halfOf the building owned
by the company $9l.3l3 81 has been paid
without adding t0 the debt Of the road
REPORT OF SUPERINTENDENT MYERS
The report of Major T.. d. T Myers.
general superintendent. was also submit
ted II cOrrObOraies the report of thc
president and shows that the increase of
revenue for the year was $32 no l6 over
the year preceding, and the principal
gains were as follows
In O. rough iuyel. ................ ... fl306 So
Zoo through fr lght.......-..... .......... 1866 81
ln express freight ............ lij aU
Zoo revenue from .lccpers ........... 1850 tu
The local revenue was diminished ST.
800 3j, partly on account of bad crops
aud partly ON account OF reduced local
charges.
The expenses, embracing the cost Of
one locomotive and two coaches added 20
the equipment, ere $2S3SS6 II lan in-
crease of SIP ,349 63l aud - 10 per cent
of gros. reyenue-against 53 70 100 per
cent last year
The net revenue for the year Is S2j3,
G3G l3. am increment OF l9,16O53
The track aud rolling stock of the road
wa. reported i'm excellent condition, and
10 was shown that the company has thir-
teen engines of which one is under re-
pal and two others need slight repairs
sixteen passenger cars, two postal cars,
seven express and baggage cars, Ten ca
boose ears, fifty box cars, for,y seven fiat
cars, one coal hopper car, and eighteen
material cars.
EXAMINING COMMITTEES REPORT.
The Examining Committee also made
their report as follows
RICHMOND, Va, November -, 1887
10 The St0cki0ldvs Of he Richmond. FTed-
ericks5urg and Potomac BaiIroad C)m-
paHy
Yourcommittee respectfully report that
ON the gth # November, 1887, they
proceeded 90 make the annual inspection
OF the road, as required by the bylaws
of the company They inspected the en-
tire line rs carefully as j, was possible
for them TO do, and report that they
found the road-bed, bridges, depot-,
shops. cars, &c, in good condition and
efficient working order. No changes
have taken place since our last annual
report that we observed, except that The
depot 40 Fredericksburg has been con-
siderably enlarged and improved. Two
very udlN1l lilt huu Mtll tNNlNItN ilt'-
senger cars have been lded TO the roll
ing stock Of the road, and the whole
property bears evidence of good manage
ment. JOHS Roy BAYLOR,
+. Y. CANNON,
r. 4. WILLS,
/. b. ANDERSON,
CHARLES ELLIS,
Committee
OTHER BUSINESS.
Colonel J p Brinton was then re-
elected president, and the old directory
was also re- elected. The 1th bylaw was.
after discussion, amended so As 20 give
the Board of Directors power 20 call
meetings at such time and place as The
business of the company may require.
The committee then adjourned.
A New Club
4 short while since twenty young gen.
tlemen Of this city determined, az the IN.
stance Of Mr. Felix Keegan, 10 form "a
.f..t. F,- I.v.volapf auI Christian Uur